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How Nigerian banks defied odds to raise N4.6trn in 2yrs
Nearly two decades after the 2004 recapitalisation that reshaped Nigeria’s banking sector and cut the number of banks from 89 to 25, Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, signalled another round in November 2023. By March 2024, the policy was formalised, with a 24-month complian...
Three Tinubu ministers resign ahead of election directive
As the 2026 election season heats up, three ministers have resigned from President Bola Tinubu’s administration in anticipation of a strict presidential directive requiring politically ambitious appointees seeking governorship ambition to step down. Adelabu Adelabu, Minister of Power, was the late...
Nigeria’s women entrepreneurs eye expansion as skills, capital gap persists
Nigeria’s women entrepreneurs are increasingly ready to scale their businesses, but limited access to finance, governance skills and structured support systems continues to slow the transition from small ventures to lasting enterprises. Across Nigeria, women own roughly 40 percent to 50 percent of...
Women bankers drive financial inclusion, gender equity for global competitiveness
Women bankers and stakeholders in Nigeria’s financial sector have called for a decisive shift toward more inclusive systems, innovation-led growth, and greater gender equity, as women play an increasingly central role in shaping the future of finance. This was the focus of the 2026 Annual Women’...
Firms face stricter scrutiny as new tax law targets artificial transactions
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Osimhen hailed for commitment after surgery
Victor Osimhen has received praise from Galatasaray fans for his commitment to the club following a recent surgical procedure. The Nigerian striker sustained an arm injury during Galatasaray’s UEFA Champions League clash against Liverpool at Anfield and underwent successful surgery last week. In a...
Foundation trains 23,000 schools in 5 yrs on green skills
The Foundation for a Better Environment (FABE) has in the last five years, trained over 23,000 students across 112 schools in Lagos and Ogun States on green skills to prepare young people for opportunities in the circular economy. Temitope Okunnu, founder of FABE, who spoke during the EcoSchoolsNG...
Nigeria moves to reform budgeting system to aid growth
The National Assembly has initiated moves to reform Nigeria’s budgeting system and has convened a high-level national policy dialogue to close persistent gaps between budget implementation and development plans, a move that’s expected to drive growth in Africa’s most peopled nation. Gb...
Eight common tax filing errors, their penalties
Tax filing errors remain a persistent challenge in Nigeria, where many taxpayers continue to incur avoidable penalties due to mistakes in documentation, computation, and reporting. Despite ongoing reforms and the rollout of digital filing systems, gaps in tax awareness and record-keeping have left i...
Land conflicts force farmers off fields, hamper food security
For many years, China Peters, a Benue State farmer, cultivated yams and cassava on a large acre of land that provided his family with a livelihood. After several planting seasons enjoying peace and calm in his community, calamity struck when attacks over land ownership and insurgency made him and ot...
Nigeria’s bigger banks face credit test as recapitalisation ends
Nigeria’s banks are now bigger than ever, thanks to the sweeping recapitalisation drive by the Central Bank of Nigeria (CBN), which has reshaped balance sheets and strengthened buffers across the industry. But while the capital-raising cycle has enabled 32 lenders to raise as much as N4.61 trillio...
Union Bank caught in board tussle as recapitalisation ends
…CBN cites systemic risk in Union Bank’s case Union Bank of Nigeria Plc has been plunged into a deepening governance crisis after a court ruling overturned regulatory intervention, setting off a high-stakes legal battle that now pits investor rights against financial stability concerns i...
Nigeria’s solar boom hits cost wall as China ends export subsidies
…To take effect April 1 Nigeria’s fast-growing solar power sector is facing a new constraint as China moves to dismantle the export subsidies that once made renewable hardware historically cheap. For years, developers and households across Africa’s most populous country benefited from a flood ...
Tuggar resigns, eyes 2027 Bauchi governorship bid
Yusuf Tuggar, Minister of Foreign Affairs, has officially resigned from President Bola Tinubu’s administration, signalling his intention to contest Bauchi State’s 2027 governorship election. Confirming the development, Kimiebi Ebienfa, spokesperson for the Ministry of Foreign Affairs, told Busin...
Advancing energy justice and inclusive growth in Nigeria’s transition to sustainable energy
Nigeria's power sector now stands at a tipping point.
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